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KUALA LUMPUR: The Ministry of Finance will settle the Goods and Services Tax (GST) refund arrears totalling RM4.763 billion by the end of the year.
KUALA LUMPUR: The government plans to collect an additional RM100mil from the higher income tax rate for those earning above RM2mil per year, said Finance Minister Lim Guan Eng.
KUALA LUMPUR: YTL Corp Bhd shares dropped marginally in early trading Tuesday, as the Public Accounts Committee (PAC) urged the Transport Minister to probe YTL over failed marina project.
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh had resigned from the fund’s board in 2009 as soon as it was discovered that the company’s management had transferred out US$1bil following a deal Abu Dhabi’s International Petroleum Investment Co (IPIC) without the knowledge of the board of directors.
PUTRAJAYA: The controversial Tun Razak Exchange (TRX) will be continued, according to Finance Minister Lim Guan Eng.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) President Arul Kanda Kandasamy has strongly denied the potentially defamatory and personal attacks hurdled against him by the Minister of Finance, Lim Guan Eng.